Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Sunrise Realty Trust to post earnings of $0.37 per share for the quarter.
Sunrise Realty Trust (NASDAQ:SUNS - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $3.18 million for the quarter, compared to analyst estimates of $2.50 million. On average, analysts expect Sunrise Realty Trust to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Sunrise Realty Trust Stock Performance
SUNS stock traded up $0.09 during mid-day trading on Thursday, reaching $11.95. 151,884 shares of the company traded hands, compared to its average volume of 162,921. The company has a 50 day simple moving average of $13.78. Sunrise Realty Trust has a fifty-two week low of $8.11 and a fifty-two week high of $15.74.
Wall Street Analyst Weigh In
Separately, Raymond James began coverage on Sunrise Realty Trust in a research note on Thursday, October 3rd. They set an "outperform" rating and a $17.50 price objective on the stock.
Read Our Latest Analysis on Sunrise Realty Trust
Insiders Place Their Bets
In other news, Chairman Leonard M. Tannenbaum purchased 39,000 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of $13.42 per share, with a total value of $523,380.00. Following the transaction, the chairman now directly owns 1,373,376 shares of the company's stock, valued at approximately $18,430,705.92. This represents a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have purchased 1,087,429 shares of company stock valued at $13,171,696. Company insiders own 5.70% of the company's stock.
About Sunrise Realty Trust
(
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Sunrise Realty Trust, Inc engages in commercial real estate (CRE) lending business. It focuses on originating CRE debt investments and providing capital to borrowers and sponsors with transitional business plans collateralized by CRE assets. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS, and debt-like preferred equity securities across CRE asset classes.
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